The post Ethereum Price Forecast: ETH Eyes $4,100 as Market Sentiment Strengthens appeared on BitcoinEthereumNews.com.

Ethereum (ETH) has been gaining momentum in early 2025, bolstered by institutional interest and pro-crypto regulatory expectations. Trading at $3,318 with a 24-hour volume of $26.63 billion, ETH is up 0.14% in the past day and 0.4% over the past month. Ethereum weekly price chart. Source: Brave New Coin Ethereum is trading 29.8% below its all-time high of $4,878.26 that was reached on November 2021. Ethereum’s growing adoption and development of Layer-2 scaling solutions, such as StarkNet, signal a potential surge in the near future. Market Confidence Rises as Regulations Take Shape Ethereum is backed by a number of factors, including crypto friendly regulation and institutional inflows. Ethereum ETFs, led by BlackRock’s iShares Ethereum Trust (ETHA) saw $3.89 billion in cumulative inflows in the last 24 hours,indicating investors are getting more confident. Grayscale Ethereum Mini Trust added $12.49 million in inflows, while smaller ETFs like VanEck and Fidelity also saw inflows. The shift in regulatory clarity driven by pro crypto politicians has given Ethereum a boost as the DeFi leader. The Securities and Exchange Commission (SEC) under acting Chair Mark Uyeda has launched a crypto task force to draft regulations. This is a big shift in the US regulatory landscape, with the SEC, Commodity Futures Trading Commission (CFTC) and other government agencies expected to work together to create aligned crypto policies. Trump turning towards a pro-crypto stance has added to the market optimism. He campaigned to make the US a global crypto hub and will likely reduce regulations and end lawsuits against big crypto companies like Coinbase and Ripple. Ethereum Price Analysis: ETH Bounces Off Support, Potential Breakout Incoming? From a technical perspective, Ethereum is finding support at $3,216, with its 20-day simple moving average (SMA) at $3,245.79. The 50-day SMA at $3,368.89 is immediate resistance, the 100-day SMA at…

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Filed under: News - @ January 23, 2025 5:21 pm